QCOM Stock Forecast: Is There a Space for Future Growth?

Aiden ChalemThis QCOM Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

Summary

  • QCOM has proved a remarkable success. Increasing in 1 year to date stock value of 73.34%, and a 5-year return of 178.66%. 
  • QCOM has beat consensus EPS in the last fiscal quarters. An EPS for the trailing twelve months was $8.05 and the reported FY24Q1 EPS is $2.10, with predictions that EPS and revenue will continue to rise.
  • Qualcomm (QCOM) appears undervalued relative to its industry peers across several key valuation metrics. The EV/Revenue multiple for Qualcomm stands at 6.1x, significantly below the industry average of 9.1x and the median of 10.8x.

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